Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/jamie-coutts-predicts-bitcoin-may-exceed-100000-in-current-cycle/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Jamie Coutts Predicts Bitcoin May Exceed $100,000 in Current Cycle</a> 
Jamie Coutts, chief <a href="https://en.coin-turk.com/major-cryptocurrency-firms-freeze-assets-linked-to-multi-million-dollar-blockchain-exploit/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> analyst at Real Vision, suggests that Bitcoin could surpass $100,000 due to the increase in global money supply. During an appearance on Raoul Pal’s YouTube channel, The Journey Man, Coutts indicated a 60% probability that Bitcoin will reach $170,000 by August 2025.
<h2 style="text-align: justify" id="strong-target-price-for-bitcoin-100-000-strong">Target Price for Bitcoin: $100,000</h2>
Coutts highlighted that Bitcoin’s value could increase by over 155% from current levels, setting a fundamental target price of $100,000. He explains, “With the expansion of the global M2 money supply, it is likely that Bitcoin will see $100,000 by the peak of this market cycle,” and he adds that in more optimistic scenarios, the price could reach $234,000.
According to the analyst’s price predictions, there is a 15% chance of Bitcoin reaching $100,000 from its current price of $66,633, a 60% chance of rising to $170,335, and a 20% chance of climbing to $234,000. However, Coutts expressed caution, stating, “I do not expect Bitcoin to reach $500,000 in this cycle,” thereby tempering overly optimistic market expectations.
<h2 style="text-align: justify" id="strong-opportunities-and-risks-for-traders-strong">Opportunities and Risks for Traders</h2>
Coutts emphasizes the strong correlation between Bitcoin’s price movements and global money supply. He identifies the expansion of M2 money supply as a key factor influencing Bitcoin’s price dynamics. The volatility in the Bitcoin market presents both significant opportunities and potential risks for traders.
Coutts predicts that Bitcoin’s market capitalization could reach approximately $3.75 trillion by August 2025, indicating a crucial metric for the overall health and adoption of the market in the long term.
Coutts’ forecasts regarding Bitcoin’s price increase offer intriguing opportunities while reminding traders to consider associated risks. Traders can formulate strategies by keeping these scenarios in mind and leveraging analysts’ insights to understand market dynamics.
The post <a href="https://en.coin-turk.com/jamie-coutts-predicts-bitcoin-may-exceed-100000-in-current-cycle/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Jamie Coutts Predicts Bitcoin May Exceed $100,000 in Current Cycle</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Jamie Coutts Predicts Bitcoin May Exceed $100,000 in Current Cycle

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